Hi, I’m
William J. Chip Simmonds
San Antonio,TX
Summary
Seasoned finance executive with extensive experience in strategic planning, financial management, tax compliance, and risk management. Proven track record in driving profitability, reducing costs, and managing financial operations for large and medium-sized organizations. Adept at leading finance teams and implementing best practices to ensure operational efficiency and regulatory compliance.
Overview
32
years of professional experience
1
Certification
Work History
BILL J. SIMMONDS AND CO, CPAsSan Antonio, TX
CPA -
01.2021 - Current
Job overview
- Developed effective income tax strategies and maintained strict compliance for real estate investors
- Provided guidance on cash flow and investment opportunities to clients
- Aided in optimizing tax reduction efforts through the implementation of cost segregation analysis and active consultation.
- Offered professional CFO services to businesses seeking efficient and cost-effective financial leadership.
- Generated and prepared Cost Segregation reports for clients who own commercial buildings
PROFESSIONAL PERFORMANCE DEVELOPMENT GROUP, INC.San Antonio, TX
VP of Finance -
01.2014 - 01.2021
Job overview
- Implemented effective strategies to drive financial planning and manage budgets for a high-performing $25+ million annual revenue business
- Secured $2.36 million by effectively managing PPP activities and ensuring compliance for loan conversion to a grant.
- Supervised cash management activities, executed payroll for approximately 700 employees, and ensured compliance with tax requirements
- Oversaw operations in accounting, treasury ,HR,and shareholder relations departments.
- Played a key role in the identification, evaluation, and implementation of acquisitions that led to a $50,000 decrease in interest expenses.
- Delivered detailed financial reports to executive management, the board, and external creditors.
TELEQUALITY COMMUNICATIONS, INC.San Antonio, TX
CFO -
01.2012 - 01.2014
Job overview
- Responsible for overseeing financial operations of four companies, totaling $14 million in annual revenue.
- Implemented strategic tax planning resulting in a significant $1.1 million reduction in the 2013 tax burden
- Achieved $2.8 million in secured financing for asset acquisition and effectively oversaw compliance with banking covenants.
APEX SOFTWARE, LTDSan Antonio, TX
CFO -
01.2007 - 01.2012
Job overview
- Drove the successful transformation of company performance, resulting in a remarkable increase in the current ratio from 0.62 to 7.65
- Effectively reorganized company debts, leading to a substantial decrease in the debt ratio from 69% to a mere 8% of total assets.
- Achieved a cost savings of $34,000 by implementing internal strategies for tax and payroll management.
VALERO ENERGY CORPORATIONSan Antonio, TX
Tax Specialist -
01.2005 - 01.2007
Job overview
- Efficiently managed the preparation and analysis of numerous federal and state tax returns.
- Performed in-depth tax research, guaranteeing compliance with a variety of tax regulations
BILL J. SIMMONDS AND CO, CPAsSan Antonio, TX
CPA -
01.1993 - 01.2005
Job overview
- Oversaw and executed client turnaround projects, leading to improved efficiency and reduced staffing needs
- Accomplished record of effectively handling the preparation and defense of income tax returns for corporate entities and individuals
- Offered expertise in financial budgets, projections, and internal controls to ensure accuracy and efficiency.
Education
St. Mary’s University
B.B.A. in Accounting
Skills
- Generally Accepted Accounting Principles (GAAP)
- Internal Revenue Code
- State Tax Codes
- Tax Software: Kleinrock, ATX, Insource
- Accounting Software: Peachtree, Quickbooks Enterprise, Business Works, MAS 90, SAP
- Microsoft Office: Excel, Word, PowerPoint, Outlook
Affiliations
- Member, American Institute of Certified Public Accountants (AICPA)
- Member, Texas Society of Certified Public Accountants (TSCPA)
- Member, San Antonio Certified Public Accountants (SACPA)
- Member, San Antonio Martini Foundation and Trust
Certification
- Certified Public Accountant, Texas #72836
- Chartered Global Management Accountant (CGMA), AICPA
Leadership Experience
- Soldiers' Angels nonprofit organization, Past Treasurer
- Down Syndrome Association of South Texas nonprofit organization, Past Chairman
Awards
Recipient of the 2002 “Young CPA of the Year Award” from the San Antonio Chapter of the Texas Society of CPAs
Timeline
CPA -
BILL J. SIMMONDS AND CO, CPAs
01.2021 - Current
VP of Finance -
PROFESSIONAL PERFORMANCE DEVELOPMENT GROUP, INC.
01.2014 - 01.2021
CFO -
TELEQUALITY COMMUNICATIONS, INC.
01.2012 - 01.2014
CFO -
APEX SOFTWARE, LTD
01.2007 - 01.2012
Tax Specialist -
VALERO ENERGY CORPORATION
01.2005 - 01.2007
CPA -
BILL J. SIMMONDS AND CO, CPAs
01.1993 - 01.2005
St. Mary’s University
B.B.A. in Accounting
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